Experienced developer with large exclusive single development
- Location: South East
- Amount Required: £100,000
- LTV for entire deal: 70%
- Sector: Purchase
LTV represents Loan To Value, where Value is an up to date valuation of the property involved and Loan is the total amount to be lent to the borrower, including the Investor's loan.
Experienced developer with long standing relationship with RBS. Has a single property development which RBS have funded initially to purchase and have agreed to fund the development, however at a reduced level which means client is requesting the shortfall.
Current value £300k with £200k outstanding. Build costs £250k with RBS committed to £175k. End Value confimed at £700k.
